2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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9%
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8%
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7%
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6%
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Detailed explanation-1: -The International Monetary Fund (IMF) has also lowered India’s gross domestic product (GDP) growth projection for 2022-23 to 6.8% from the earlier 7.4%, citing the impact of a slowing global economy, stubborn inflation, rising interest rates and the Ukraine war.
Detailed explanation-2: -“Nominal GDP or GDP at Current Prices in the year 2022-23 is estimated at ₹273.08 lakh crore, as against the Provisional Estimate of GDP for the year 2021-22 of ₹236.65 lakh crore, released on 31st May, 2022.
Detailed explanation-3: -India’s real GDP growth in the second half of 2022-23 is estimated to halve to 4-4.5 per cent from 9.7 per cent in the first half of the fiscal, according to India Ratings and Research (Ind-Ra).
Detailed explanation-4: -In 2021-22, the manufacturing sector is expected to grow by 12.5 percent, mining and quarrying by 14.3 percent, construction by 10.7 percent and electricity, gas and water supply by 8.5 per cent. This improvement is on the back of industrial contraction in the corresponding period of the last financial year.